One of the reasons people cite for purchasing a condo is its location. Maybe it has an incredible view. Maybe it’s within walking distance of the city’s best restaurants. Maybe the owner thinks others will appreciate those aspects of his condo, as well. Vacation season is here and house swapping sites are gaining popularity. You […]
Well, there’s good news on the horizon for property managers — all indicators point toward a strong rental market as we make our way into the second half of 2015. According to a recent market analysis, there are three main factors that are contributing to an optimistic outlook with regard to rentals. Tightening rental markets […]
Condo associations certainly don’t like having vacant units in a property. A number of vacant units can drive condo values down, which can make the property unattractive to potential buyers who fear the values won’t rebound. Luckily, there are things condo associations can do to help condos up for sale move quickly. Give sellers the […]
Twenty years ago, if you’d told someone that they’d someday be carrying a device in their pocket that would allow them to call people from anywhere in the world, watch TV and movies, send electronic mail, take pictures, socialize, play games, and more, it would have sounded like science fiction. But here we are in […]
The housing needs and desires of 30-somethings are driving a new trend in condos — micro units. Micro units are typically smaller than 400 square feet and imaginatively use space so that not even an inch is wasted. Millennials don’t have quite as much stuff as generations before them. They don’t need entire walls to […]
At first blush, property management seems pretty straightforward — a team is put together to run the day-to-day operations of a property and make sure things run smoothly and by the numbers. But when you look a little deeper, there’s a complex relationship between residents and property managers, between property managers and owners, and among […]
Tax time is looming, and although most condo associations likely have already finished or are deep into planning, now is a good time to think about next year. Filing with the IRS is required, even if the homeowners association hasn’t made any money, but the way you file can generate significant savings. Read on to […]
While the economic recession seems to be over for the country as a whole, there are still plenty of smaller areas within the country that haven’t yet bounced back. One only need to look at the dire situation in Detroit to know that some areas may never rebound. Because of the lingering economic downturn in […]
Your thermometer might not be showing it yet, but spring is here! It’s time to throw out the old and clear out old clutter in preparation for warmer weather. You’ll likely see a lot of your residents rolling up their sleeves and digging in for some spring cleaning. There are a few ways your condo […]
You may remember last year we shared a blog post, “A Condo HOA Versus Old Glory,” in which we detailed a contentious battle between a condo owner in Jacksonville, Florida, and the HOA who told him he was disallowed from displaying a small American flag in a flower pot outside his condo. It’s hard to […]
